RED health ageing democracy Energy citizenship transformation design
Your carbon credit card
August 3, 2006, Matthew Horne

Every one in Britain produces too much carbon. The good news is that David Miliband is thinking seriously about Carbon Allowances - issuing individuals with carbon quotas that limit their impact on the environment. RED suggested such a move last year as part of its futurecurrents project.

RED argued that all adults should be issued with a carbon credit card and an annual allowance of carbon credits, to pay carbon dues (designated in carbon units) for motor fuel, air travel and domestic energy. Unused credits could be sold to consumers with carbon deficits or to firms and governments needing to buy credits. People could earn more credits by installing home renewable energy generators, or engaging in CO2-reducing projects.

David Miliband says that the principle is simple: there would be a decision about the nation's annual level of carbon emissions, permits/quotas for that level would be issued on a per capital basis (probably for personal food, household energy and travel emissions), and those who spent under the wuota would be able to sell to those who spend above.

He says that there are a huge range of imponderables and huge range of technical questions about feasibility. But we need to test other policy answers against the most radical options if we are to make the most progress. He would be very would be interested in your views.

CATEGORY: AGRICULTURE AND FOOD+ CLIMATE CHANGE+ ENERGY PROJECT

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